I wanted to show some charts but was not able to attach any files. Probably some technical glitches over the weekend...

Interesting action




Mats

Thanks for posting, Mats. Seems this forum has went dead, again. Too bad, it really was going nicely for awhile there.

Although we are just chopping and ranging like crazy in here as the market doesn't have a clue how to handle this key area, the close and price action up into the close speaks for a run at new highs from here. It will be interesting to see if they keep range trading it, or if this clue plays out. Given the move up off my area at 13:25, with a nice 'W2' once it got started, this is a 'hold into GLOBEX' type of play. 1114-16 and the 1118-1120 main area are the next areas I'm watching.

Thanks Jim iwill try to put my lines together in that
areas.

Futures dumping nicely there. Very curious if the 'up' scenario is to play out.

Originally posted by jimkane

Futures dumping nicely there. Very curious if the 'up' scenario is to play out.

Very curious indeed, as the lack of follow through in the GLOBEX was a big clue for what was about to come. A very pleasant surprise for me, how it is playing out in here, but I'm surprised they let it go, even for a little while.

Everyone saw the ABCD and little pullback for entry right before the RTH opened, right?

So, there is a little bullish W2 ABCD here, if that low has any significance. What a great clue spot. Anyone think the rampers will be coming right back in here?

So, has this morphed into a bigger 'flat' ABCD W2 here? Or is this just chop? Or, is this a complex correction on the way down? All good questions. But I'm the only one discussing them, it seems...

They trying and trying but ~92 hard to break today. Maybe some short covering in the last minutes will get it.

Hey, Marco, thanks for jumping in.

If they break it up I'm watching 97-98 and 1101 next, give or take.

Well Jim as you have said in your books depending on timeframe.

My thougts for now i that we maybe have a correction from that
5 wave down on 60 min.

But we will maybe have another BC and CD leg from that.

I was on globex 5 min and normal 1 min when I posted this day
(evening in Sweden).

Very nice on 5 min globex.
What was caught my atention was the corrective 5 wave down
in the CD leg

Well globex seems to be equal important.

In longer terms I think it is up, it has never made a correction
yet that will say it has changed direction.

Mats